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kalyanherbals
Level 1
posted
‎October 13, 2021 08:32 PM
last updated ‎October 13, 2021 8:32 PM

How do you post the refundable security of a tenant. Also, how to post a partial amount from this security to an unpaid invoice of the tenant.

 
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1 Comment 1
TirzahC
QuickBooks Team
QuickBooks Team
‎October 14, 2021 12:37 AM

How do you post the refundable security of a tenant. Also, how to post a partial amount from this security to an unpaid invoice of the tenant.

Hello, kalyanherbals.

 

You'll need to set up a liability account where you can track the amount to record a retainer in QuickBooks Online . Here's how:

 

  1. Set up a liability account.
  2. Set up a retainer item.
  3. Create a trust liability bank account if necessary.
  4. Enter a sales receipt or invoice to record the retainer.
  5. Use the retainer as credits.
  6. Transfer the funds from the trust liability account to the operating account.
  7. Then, we can pull up a report to track the retainers.

 

Here are some articles for the complete details about security deposits:

 

If you have any other questions or concerns about security deposit, feel free to post them here, night or day. Thank you for your time and have a nice day.

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